Tom Green provides the following information:

Additional information at 30 April 20*8
■ Stock was valued at £612.
■ Motor expenses accrued amounted to £182.
■ Insurance prepaid £132.
■ Provision for doubtful debts is maintained at 5% of year-end debtors.
■ Depreciation is provided at 10% on office equipment using the straight line method and at 30% on motor vehicles using the reducing balance method.

Required

a) Prepare a trading and profit and loss account for the year ended 30April 20*8.
b) Prepare a balance sheet at 30April 20*8.

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Stock 1 May 20*7 Purchases Sales Returns inwards Returns outwards Carriage inwards Discount received Rent payable Wages Motor expenses Insurance Bad debts Bad debts recovered Trial balance at 30 April 20*8 Dr Cr General expenses Provision for doubtful debts Office equipment at cost Motor vehicles at cost Provision for depreciation Office equipment Motor vehicles Trade debtors Cash Capital Drawings Trade creditors Bank overdraft £. 819 32,461 138 412 8,300 16,272 3,420 1,746 211 11,412 24,500 20,000 8,100 347 17,000 145,138 £ 84,261 261 151 74 361 14,700 6,000 33,377 3,472 2,481 145,138